The best savers start before they know what saving is.
Kids Club and Teen Club are youth savings accounts built around the habit of saving early and saving often.
The earlier they start, the further they go.
Kids Club is for children 12 and under. Teen Club runs from 13 to 17. Both earn up to 3.00% APY1 on balances up to $1,000. Both make saving feel like second nature.
Rates kids can see
Earn up to 3.00% APY1 on balances up to $1,000. Every dollar they save works harder here.
Built for every age
Kids Club is for ages 12 and under. Teen Club starts at 13. An account that grows with them.
Habits that stick
An early account teaches kids that saving isn’t a chore. LMCU makes it easy to start.
Prizes for good savers. Really.
Saving is its own reward. But a little extra recognition never hurts. Kids Club members can stop into any LMCU branch for a prize when they hit three savings milestones. Open the account: LMCU piggy bank. Reach $250: drawstring bag. Reach $500: water bottle. It’s our way of saying: you’re doing it right. Keep going.
Stop into any LMCU branch, schedule an appointment, or manage your account online once it’s open. A parent or guardian needs to be present to open, and you’ll need the child’s social security card.
Kids Club is open to all children 12 and under who become LMCU members with a parent or guardian. It’s a high-yield kids savings account designed to get saving started early, with rates that make every deposit worth making.Kids Club is open to all children 12 and under who become LMCU members with a parent or guardian. It’s a high-yield kids savings account designed to get saving started early, with rates that make every deposit worth making.
Teen Club is open to members ages 13–17. It’s designed to help older kids start thinking about money on their own terms: how to save it, how to grow it, and how to manage it. When a child turns 13, their Kids Club account converts to Teen Club automatically. And when they’re ready for a full adult membership, that transition is easy too.
What does a Kids & Teen Club account earn?
Rates are variable and subject to change. Check the table below for current APY.
| Account | Dividend Rate (Interest) | APY |
|---|---|---|
| Teen Club Savings — $0 - $1,000 | 2.97% | 3.00% |
| Teen Club Savings — $1,001 + | 0.25% | 0.25% |
Learning about money starts here.
Tools, resources, and articles to help your family make the most of every dollar saved.
LMCU offers two: a kids savings account called Kids Club for children 12 and under, and a teen savings account called Teen Club for ages 13–17. Both are designed to help young members develop healthy saving habits from the start. Think of them as the first chapter in a longer financial story.
Kids Club is open to children 12 and under. Teen Club is open to ages 13–17. When a child in Kids Club turns 13, the account converts to Teen Club automatically. No action needed. LMCU has branches across Michigan and 23 locations in Western Florida, so there’s likely one near you.
Yes. Youth Savings Accounts are connected to the parent or guardian’s LMCU membership. A parent or guardian needs to be a joint owner on the entire membership. It’s a small step that keeps the account properly set up for a minor.
Three things: the child’s social security card, a parent or guardian as joint account owner, and that’s about it. There’s no minimum balance and no monthly banking requirements. Opening a Youth Savings Account is one of the easier things you’ll do for your child’s future.
Yes. Kids Club members receive their own quarterly statement showing account activity in detail. It’s a good habit to look at it together. A little transparency goes a long way when you’re teaching someone how money works.
Our Youth Savings Accounts earn up to 3.00% APY on balances from up to $1,000. Any balance above $1,000 earns at the regular savings rate on the amount over that threshold. Rates are subject to change, so check the current rates page for the latest numbers.
Sometimes our members say it best.
See what people are saying about Lake Michigan Credit Union.
“We've been with Lake Michigan Credit Union for over 10 years.”2
The Garcia Family, LMCU Members
One of America's Best Regional Banks & Credit Unions for 2026.
Newsweek, January 2026
One membership. A lot of possibilities.
Disclosures
This APY is accurate as of 9/10/2026. Fees may reduce earnings. Rates are subject to change after account opening.
All featured LMCU members were compensated for their time.
